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| Abstract: | The ratings on Allianz Global Corporate&Specialty's (AGCS) core operating entities Allianz Global Corporate&Specialty SE (AGCS SE), Allianz Global Risks U.S. Insurance Co. (AGRUS; and related subsidiaries under the intercompany pooling agreement including Fireman's Fund Insurance Co. [FFIC]), and Allianz Fire and Marine Insurance Japan Ltd. reflect S&P Global Ratings' view of the entities' intrinsic roles within the Allianz SE (AZSE) group. We expect that AZSE will provide support for these entities under any stress scenario. Furthermore, we acknowledge AGCS' status as exclusive provider for global corporate and specialty insurance for AZSE. Our ratings on AGCS' core operating entities are therefore in line with those on AZSE. Our negative outlook on AGCS' core operating entities is based |
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| Brief Excerpt: | ...across countries. S&P Global Ratings' credit ratings on a national scale are relative to obligors or obligations within that specific country. Issue and debt ratings could include debt guaranteed by another entity, and rated debt that an entity guarantees. WWW.STANDARDANDPOORS.COM/RATINGSXPRESS JULY 10, 2020 5... |
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| Report Type: | |
| Ticker | ALV@GR |
| Issuer | |
| GICS | Property & Casualty Insurance (40301040) |
| Sector | Global Issuers, Public Finance, Structured Finance |
| Country | |
| Region | Europe, Middle East, Africa |
| Format: | | PDF |  |
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